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Bitcoin’s recent price woes haven’t deterred Strategy’s appetite for BTC.
Michael Saylor’s digital asset treasury company says it has accumulated an additional 8,178 BTC in the past week.
The firm spent $835.6 million on the purchases, at a price of approximately $102,171 per Bitcoin.
Strategy now owns a total of 649,870 BTC acquired for $48.37 billion, at an average price of around $74,433 per Bitcoin.
BTC is trading at $94,139 at time of writing. The top-ranked crypto asset by market cap is down 11% in the past week and nearly 12% in the past month.
Saylor says his firm bought Bitcoin every day of the week last week amid the price downswing.
“If you want to ride the rocket, you’ve got to be prepared to pull the Gs.”
He also notes that Strategy has achieved a BTC yield of 27.8% year-to-date. The firm, listed on the Nasdaq under the ticker MSTR, is the world’s largest corporate holder of Bitcoin. It was also the first company to use BTC as its sole treasury asset.
Strategy’s stock has slumped amid a volatile crypto market, with MSTR down by more than 17% in the past five days and more than 32% in the past month.
